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Portugal's economy expanded in the second quarter after contracting in the previous three months, as activity began to gradually recover after a lockdown to curb the a fresh wave of the coronavirus pandemic. Gross domestic product grew 4.9 percent from the first quarter, when it shrunk 3.2 percent,...

Austria's economy rebounded strongly in the second quarter to exit a recession, preliminary estimates from the economic institute WIFO showed Friday. Gross domestic product grew 4.3 percent from the first quarter when the economy shrank 1.1 percent. Economists had forecast 3.5 percent growth. In...

Italy's economy expanded at a faster pace in the second quarter, the preliminary estimate from the statistical office Istat showed on Friday. Gross domestic product grew 2.7 percent sequentially in the second quarter, much faster than the 0.2 percent expansion posted in the first quarter. Economists...

eurozone 112819 30jul21 The euro area economy recovered in the second quarter, after two straight quarters of contraction, driven by the lifting of lockdowns and the implementation of vaccination programmes, the preliminary flash estimate from Eurostat showed on Friday. Inflation exceeded the European Central Bank's target in July on higher energy prices, another report from the statistical office showed.

Despite significant coronavirus restrictions in place, Spain's economy expanded more-than-expected in the second quarter on strong rebound in household spending, flash estimate from the statistical office INE showed on Friday. Gross domestic product grew 2.8 percent sequentially after contracting...

Poland's consumer price inflation rose in July after easing in the previous month, preliminary data from Statistics Poland showed on Friday. The consumer price index rose 5.0 percent year-on-year in July, following a 4.4 percent increase in June. Prices for fuels for personal transport equipment...

Euro area unemployment rate dropped for a second month in a row in June to hit its lowest level in over a year, preliminary data from the statistical office Eurostat showed Friday. The unemployment rate dropped to 7.7 percent from 8.0 percent in May. The rate was expected to remain unchanged at May's...

Turkey's trade deficit narrowed in June from last year, the Turkish Statistical Institute showed on Friday. The trade deficit narrowed to $2.853 billion in June from $2.858 billion in the same period last year. In May, trade deficit was $4.2 billion. Exports accelerated 46.9 percent annually in...

Italy's consumer price inflation increased in July, preliminary estimates from the statistical office Istat showed on Friday. Consumer prices increased 1.8 percent yearly in July, following a 1.3 percent rise in June. Economists had forecast a rise of 1.7 percent. On a month-on-month basis, consumer...

Hungary's trade surplus increased less than initially estimated in June, final data from the Hungarian Central Statistical Office showed on Friday. The trade surplus increased to EUR 68 million in May from EUR 87 million in the same month last year. In the initial estimate, trade surplus was EUR 97...

Eurozone inflation accelerated more-than-expected in July, largely driven by higher energy prices, flash data from Eurostat showed on Friday. Inflation rose to 2.2 percent in July from 1.9 percent in June. The rate was above the expected 2 percent. Meanwhile, core inflation that excludes energy,...

The euro area economy recovered in the second quarter, the preliminary flash estimate published by Eurostat showed on Friday. Gross domestic product expanded 2 percent sequentially, reversing the 0.3 percent drop posted in the preceding period. The growth rate was bigger than the expected 1.5 percent. On...

Denmark's jobless rate fell in June, figures from Statistics Denmark showed on Friday. The gross unemployment rate decreased to a seasonally adjusted 3.8 percent in June from 4.0 percent in May. The gross unemployment fell by 5,300 to 108,600 in June from 113,900 in the preceding month. This...

Estonia retail sales rose in June, data from Statistics Estonia showed on Friday. Retail sales, excluding motor vehicles and motor cycles trade, rose 12.0 percent year-on-year in June. "Compared to June 2020, the increase in turnover was 17% in stores selling manufactured goods, 16 percent in...

The German economy recovered in the second quarter driven by higher household and government consumption, data released by Destatis showed on Friday. Gross domestic product grew 1.5 percent from the first quarter, when it was down 2.1 percent. Nonetheless, the second quarter growth was slower than...

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